As China continues to invest beyond what its economy can absorb, unproductive spending—much of it debt-financed—has expanded far faster than GDP. A decade ago, total debt was about twice the size of the economy; now it is roughly triple. The debt-to-GDP ratio has reached around 300 percent, alarmingly high for a developing economy.
China's geographic proximity and growing power remain the core reasons ASEAN clings to its long-standing hedging and neutrality strategy. Fear of retaliation—whether economic or military—has deterred ASEAN from adopting a firm position against Beijing, which could compromise the region’s economic survival.
The consequences are dangerous. Both sides now feel compelled to respond forcefully, fearing that restraint might be perceived as weakness. Pakistan, already grappling with economic and political instability, faces increased pressure to retaliate. For India, any future terror attack is likely to provoke immediate military response. The…
Although much has been said and perceived about China’s growing military competition in closing the power gap, this move to unveil the ruthless and fearful F-47 and the other assets is meant to checkmate Beijing’s ambitions in the Indo Pacific and demoralise other enemies who still doubt America’s long-term military and economic resilience.
India’s rise provides positive ripple impact to the region and the world, from economic and trade spillover effects to the larger equation of helping to secure and preserve the rules-based order that has been the main bedrock of global trade and maritime capacity, maintaining the sanctity of international law and global norms, and in securing…
Quad does create an overarching arc of stability in the region, checking the expansion capacity of Beijing, which will in turn boost India’s regional ambitions that are mutually aligned with the Quad’s objectives.
Modi marked a new chapter in his strategic geopolitical moves over the past few months since the start of his third term with visits to the region and to Ukraine. All these marked a new frontier for India’s power projection while sending a clear message to allies and adversaries that New Delhi has its own bargaining chips in pursuance of its…
New power tools being used by China to expand regional dominance have heightened regional security dilemmas and sparked arms races. They have also caused systemic wariness among nations of the Indo-Pacific who will long for the status quo of a stable rules-based order.
This new bloc is vital for both the US and regional players, especially the Philippines which is not part of the original Quad. For Australia and Japan, this new partnership represents a more focused security arrangement with greater on-the-ground ease of conducting military activities as compared to the more bureaucratic Quad.
India’s inevitable regional and global leadership provides a welcome new opening for the country and the region in their security calculations. It remains the region’s most important Asian partner in providing the economic and security fallback that is based on values, trust and proven expectations.
